Share this Page

PeopleSoft rebuffs Oracle -- again

Jun 03, 2004

The board of PeopleSoft Inc. urged shareholders to reject the latest $21-a-share offer made May 14 by Oracle Corp.

"The reduced offer is inadequate and does not reflect PeopleSoft's real value," said the board of the Pleasanton, Calif., enterprise software company in a statement. The board added that "there is a significant likelihood that the transaction will be prohibited under antitrust law."

Oracle first proposed a $26 a share takeover last June.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately
after submitting. We will not post comments that we consider abusive or off-topic.

Do you have a password?

Trending

In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet.
Read More